Can I retire at age 40 with 802,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $802,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$66,228$65,638$65,063$64,501$63,953$63,232
2 years$32,786$32,176$31,584$31,010$30,454$29,728
3 years$21,640$21,027$20,437$19,869$19,321$18,613
4 years$16,069$15,457$14,873$14,314$13,780$13,095
5 years$12,726$12,119$11,542$10,995$10,475$9,816
6 years$10,499$9,896$9,328$8,792$8,289$7,655
7 years$8,909$8,310$7,751$7,229$6,741$6,134
8 years$7,716$7,124$6,574$6,064$5,592$5,011
9 years$6,789$6,202$5,662$5,165$4,710$4,154
10 years$6,048$5,467$4,936$4,452$4,013$3,483
11 years$5,443$4,867$4,346$3,875$3,451$2,947
12 years$4,938$4,368$3,857$3,399$2,991$2,511
13 years$4,511$3,948$3,446$3,001$2,608$2,152
14 years$4,146$3,588$3,096$2,664$2,286$1,854
15 years$3,830$3,278$2,795$2,376$2,013$1,603
16 years$3,553$3,008$2,534$2,127$1,779$1,391
17 years$3,309$2,770$2,306$1,911$1,577$1,211
18 years$3,093$2,559$2,105$1,722$1,402$1,056
19 years$2,900$2,372$1,927$1,556$1,250$924
20 years$2,726$2,204$1,769$1,409$1,117$809
21 years$2,569$2,053$1,627$1,279$999$710
22 years$2,426$1,917$1,499$1,163$896$624
23 years$2,296$1,793$1,384$1,059$804$549
24 years$2,177$1,679$1,280$966$723$483
25 years$2,068$1,576$1,186$882$650$426
26 years$1,967$1,481$1,100$807$586$375
27 years$1,874$1,394$1,021$738$528$331
28 years$1,787$1,314$949$677$477$293
29 years$1,707$1,239$884$620$430$259
30 years$1,633$1,170$823$569$389$229
31 years$1,563$1,106$767$523$351$202
32 years$1,497$1,047$716$481$318$179
33 years$1,436$991$668$442$288$158
34 years$1,379$940$625$407$261$140
35 years$1,325$891$584$374$236$124
36 years$1,274$846$546$345$214$110
37 years$1,226$803$511$318$194$97
38 years$1,180$764$479$293$176$86
39 years$1,137$726$449$270$159$77
40 years$1,096$691$420$249$144$68
41 years$1,058$658$394$230$131$60
42 years$1,021$626$370$212$119$53
43 years$986$597$347$196$108$47
44 years$953$569$326$181$98$42
45 years$921$542$306$167$89$37
46 years$891$517$287$154$81$33
47 years$862$494$270$142$73$29
48 years$835$471$254$132$67$26
49 years$808$450$238$122$60$23
50 years$783$430$224$112$55$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $802,000, adding $5,956 every year, while hoping to spend $26,228 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 65/26/9 Blend
39$802,000$802,000$802,000$802,000
40$889,948$847,442$835,011$945,765
41$952,816$861,060$835,077$997,312
42$1,021,218$874,466$834,267$1,049,961
43$1,095,690$887,623$832,522$1,106,806
44$1,176,823$900,489$829,784$1,168,253
45$1,265,266$913,021$825,990$1,234,749
46$1,361,736$925,171$821,073$1,306,789
47$1,467,019$936,891$814,965$1,384,916
48$1,581,982$948,126$807,594$1,469,729
49$1,707,580$958,819$798,883$1,561,890
50$1,844,861$968,910$788,754$1,662,128
51$1,994,983$978,333$777,124$1,771,244
52$2,159,219$987,019$763,905$1,890,124
53$2,338,971$994,894$749,008$2,019,743
54$2,535,782$1,001,879$732,335$2,161,178
55$2,751,352$1,007,892$713,789$2,315,614
56$2,987,553$1,012,842$693,264$2,484,357
57$3,246,447$1,016,634$670,652$2,668,849
58$3,530,304$1,019,169$645,838$2,870,677
59$3,841,626$1,020,339$618,704$3,091,594
60$4,183,165$1,020,029$589,125$3,333,530
61$4,557,958$1,018,120$556,970$3,598,612
62$4,969,344$1,014,483$522,103$3,889,187
63$5,421,006$1,008,982$484,383$4,207,842
64$5,916,999$1,001,471$443,659$4,557,427
65$6,461,788$991,799$399,777$4,941,088
66$7,060,296$979,803$352,575$5,362,288
67$7,717,943$965,310$301,883$5,824,849
68$8,440,701$948,138$247,524$6,332,983
69$9,235,149$928,093$189,313$6,891,331
70$10,108,536$904,972$127,057$7,505,014
71$11,068,848$878,557$60,554$8,179,672
72$12,124,883$848,618$0$8,921,527
73$13,286,334$814,914$0$9,738,436
74$14,563,882$777,186$0$10,643,227
75$15,969,293$735,164$0$11,638,435
76$17,515,533$688,559$0$12,733,268
77$19,216,887$637,067$0$13,937,876
78$21,089,094$580,368$0$15,263,444
79$23,149,497$518,122$0$16,722,303
80$25,417,204$449,968$0$18,328,042
81$27,913,271$375,529$0$20,095,640
82$30,660,897$294,402$0$22,041,605
83$33,685,646$206,166$0$24,184,133
84$37,015,686$110,371$0$26,543,278
85$40,682,054$6,548$0$29,141,144
86$44,718,951$0$0$32,002,092
87$49,164,062$0$0$35,183,245
88$54,058,913$0$0$38,688,389
89$59,449,263$0$0$42,548,425
90$65,385,533$0$0$46,799,470
91$71,923,285$0$0$51,481,322
92$79,123,743$0$0$56,637,834
93$87,054,373$0$0$62,317,331
94$95,789,517$0$0$68,573,064
95$105,411,097$0$0$75,463,711
96$116,009,386$0$0$83,053,935
97$127,683,861$0$0$91,414,988
98$140,544,141$0$0$100,625,390
99$154,711,019$0$0$110,771,664
100$170,317,607$0$0$121,949,157